Castlekeep Investment Advisors LLC Makes New Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Castlekeep Investment Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 183,817 shares of the company’s stock, valued at approximately $35,087,000. iShares S&P 500 Value ETF makes up approximately 5.8% of Castlekeep Investment Advisors LLC’s investment portfolio, making the stock its 3rd largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinney & Scofield Inc. purchased a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $26,000. Kentucky Trust Co purchased a new stake in iShares S&P 500 Value ETF during the fourth quarter worth $29,000. Providence First Trust Co bought a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at $31,000. Centricity Wealth Management LLC bought a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at $34,000. Finally, Morse Asset Management Inc purchased a new position in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $41,000.

iShares S&P 500 Value ETF Trading Down 0.6%

IVE opened at $186.32 on Friday. The firm has a market cap of $37.13 billion, a price-to-earnings ratio of 21.18 and a beta of 0.89. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $206.63. The stock has a fifty day moving average price of $184.05 and a 200-day moving average price of $191.96.

iShares S&P 500 Value ETF Company Profile

iShares S&P 500 Value ETF (the Fund), formerly iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500 Value Index (the Index). The Index measures the performance of the large-capitalization value sector of the United States equity market and consists of those stocks in the S&P 500 exhibiting the strongest value characteristics.